Sat.Feb 06, 2021 - Fri.Feb 12, 2021

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Collection Success: The Art and Science of Mental Rehearsal

PDC Flow

Another year of Collector.Live! content is in the books, and the speakers did not disappoint. Negotiation expert Joshua Weiss spoke about negotiation tactics front line collectors can use to improve call outcomes and Joann Needleman of Clark Hill discussed digital communication with consumers. Another inspiring speaker, Mike Hiller of American Profit Recovery , discussed the benefits of mental rehearsal for improving your behaviors when negotiating debt collection payments.

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Where to Look If Your Small Business Can’t Get a PPP Loan

Nerd Wallet

The Paycheck Protection Program can be a lifeline for businesses that qualify, but it’s not the only program available for business owners struggling during the coronavirus pandemic. Those who don’t meet PPP requirements may be eligible for grants and other financing, including state and local grants and other loan programs supported by the Small Business.

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How to choose a medical debt collection agency

American Profit Recovery

If your practice has been looking through a list of medical collection agencies in search of just the right fit, we want you to take a moment to read some of the tips that our experts here have come up with. Choosing the right partner to work with your patients and handle payment arrangements is a critical part in managing not only your cash flow but your reputation.

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Virginia Next in Line to Enact Privacy Law

Account Recovery

Virginia is poised to be the next state that enacts its own data privacy law, which some reports say is similar to the California Consumer Protection Act, although it does not include one provision that made the CCPA more problematic for companies. Slightly different versions of the Virginia Data Consumer Protection Act were passed in … The post Virginia Next in Line to Enact Privacy Law appeared first on AccountsRecovery.net.

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.

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How Long Can a Collection Agency Attempt to Collect Business Debts?

Enterprise Recovery

If your business has sent bad debt accounts off to a collections agency, you likely have questions about recovering that debt. Typically, commercial collections agencies only charge a fee if they're able to collect. The agency should also be transparent about the collections process and the documentation along the way. But you may also be wondering how long they'll work on your behalf before you take the case to court.

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How to Build a Marketing Funnel to Supercharge Dental Practice Growth

Nexa Collect

In today’s competitive dental services industry, it’s harder than ever for an individual practice to stand out. When you add that reality to the fact that the average patient isn’t exactly thrilled to visit a dentist, it’s obvious that hitting on a winning dental practice marketing strategy is no easy feat. But there is a way to use your marketing efforts to great effect, growing your practice in the process.

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Getting to Know Amy Mertz Brown of Gurstel Law Firm

Account Recovery

The “Getting to Know” series is sponsored by Applied Innovation. Applied Innovation is helping to shape the future of accounts receivable management. Product development is driven by customer feedback, agency profitability and compliance and includes platforms addressing client portal access, document management, payment negotiation, Regulation E focused electronic payment authorizations and TCPA communication authorization platforms. … The post Getting to Know Amy Mertz Brown

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New and Updated Scorecard Policy Data to Kick off the State Legislative Season

Prosperity Now

New Prosperity Now Scorecard data on policy adoption across the states is now available just in time for the start

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Discriminatory Practices Leave Black Americans With Less Life Insurance

Nerd Wallet

The relationship between life insurance and the African American community is complex. Although Black Americans are more likely to own life insurance than whites, a recent study shows, their coverage is often far less. The sizable coverage gap between Black and white Americans has many causes, experts say, including the way life insurance was sold. Georgia Rose writes for NerdWallet.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Valentine’s Day Spending 2021

Credit Corp

An eighth of Americans buy gifts for more than one romantic partner. This post originally appeared on Finder.com. Roses are red. Violets are blue. But when did Valentine’s Day become a celebration for more than two? In 2021, 32.9 million Americans — or 12.89% of the adult population — plan to buy a Valentine’s Day gift for more than one romantic partner, according to a recent survey from Finder.com.

Retail 98
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Groups Ask FCC to Fix Apparent Error Related to Order Limiting Calls to Landlines Without Consent

Account Recovery

In a development that was first published at TCPAWorld.com, a coalition of trade groups, including ACA International, have asked the Federal Communications Commission to correct an apparent error that “inadvertently” imposes a prior written consent requirement on informational prerecorded or artificial voice calls to residential numbers.

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Introducing: Scorecard Cost-Of-Living Profiles by State

Prosperity Now

Each year, millions of households struggle to cover their basic needs in the face of economic fluctuations.

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5 Credit Card Red Flags to Avoid

Nerd Wallet

Choosing the right credit card can be difficult, especially if you have poor credit (FICO scores of 629 or lower) or are new to credit cards entirely. Plenty of cards can help those with limited choices, but some options — including certain unsecured credit cards for bad credit — are more costly and potentially more. Funto Omojola writes for NerdWallet.

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How Collection Agencies Minimize Effort and Maximize Results with the Right Software

Navigating collections in the dynamic financial landscape presents multifaceted challenges. Organizations face pressures to maintain standards alongside software challenges like regulatory adaptations, data integration, security, workflow optimization, and automation. Finding the right software can save time and money. BEAM offers a comprehensive solution with specialized modules to streamline debt collection effortlessly.

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3 Important Steps Often Overlooked by Beginner Investors

Credit Corp

The following is a guest post from Jacob Dayan, of Community Tax. Getting started with investing can be a fun and exhilarating way to make money—potentially a lot of money. However, for many young or beginner investors just getting started in the game, there are many pitfalls if they proceed without caution. Unfortunately, investing is glamorized in movies, TV shows, and popular culture.

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Daily Digest – February 10. CFPB Puts Out Call to Hire More Attorneys; Judge Grants MSJ For Defense in FDCPA Suit

Account Recovery

CFPB PUTS OUT CALL SEEKING TO HIRE MORE ATTORNEYS If anyone needed further proof that the Consumer Financial Protection Bureau is planning on ramping up its enforcement activities, one need not look any further than the post the Acting Director Dave Uejio posted yesterday, making an open call for any attorneys who might be interested … The post Daily Digest – February 10.

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What is Zombie Debt?

Sawin & Shea

When you’re deeply in debt, it feels as if debt collectors are always at your heels, grabbing at you for money. Bankruptcy finally frees you from this burden and allows you to shed old debt. But certain debts just refuse to die. They rise from the dead and come back to haunt you again, even after they’ve already dropped off your credit report. This is called zombie debt.

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Why Financial Advisors of Color Matter

Nerd Wallet

This article provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. During my seven years as a financial advisor, I often had two-hour phone calls with clients. Armed with my cheat sheet of English-to-Mandarin financial.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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7 Things Lenders Should Know About SBA Audits

Jimerson Firm

The SBA Office of Credit Risk Management (“OCRM”), conducts continuous, risk-based lender oversight on all SBA lenders and CDCs. As part of this oversight, the OCRM conducts periodic on-site audits to evaluate the lender or CDC’s portfolio performance, credit administration, compliance with loan program requirements, and SBA operations management. 13 C.F.R. § 120.1050(a).

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InDebted Raises $8M in Capital to Fund Acquisition, U.S. Expansion

Account Recovery

InDebted, an Australian company that made a huge splash this week by announcing its entry into the United States accounts receivable management industry through a huge acquisition and hiring some very well-known names to help guide it, raised nearly $8 million to fund its expansion. About two-thirds of the investment came in the form of … The post InDebted Raises $8M in Capital to Fund Acquisition, U.S.

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TrueAccord Group Welcomes Courtney Graham as Chief People Officer

True Accord

TrueAccord Group has announced Courtney Graham, former Chief People Officer of Four Winds Interactive, as its new Chief People Officer. . “Our family of companies is growing rapidly, and we are thrilled to have Courtney on board as our first Chief People Officer. Courtney’s experience as a People leader within high-growth technology companies will be instrumental in helping TrueAccord scale while maintaining a strong people-first culture,” said Ohad Samet, CEO and co-founder of TrueAccord Group.

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Broke Your Savings Resolution? How to Get Back on Track

Nerd Wallet

Just because you’ve already quit — or never started — a New Year’s resolution to save more money doesn’t mean it’s all over. You can make a comeback with a few key steps. Here are some typical ways people stray from savings goals, as well as simple fixes to get back on track. Glitch No. Ruth Sarreal writes for NerdWallet. Email: rsarreal@nerdwallet.com.

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How To Optimize Cash Flow: Your Roadmap To Resilience!

Speaker: Genevieve Hancock, CPA

Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?

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How SBA Lenders Can Avoid Enforcement Actions

Jimerson Firm

The SBA, through the Office of Credit Risk Management (“OCRM”), monitors and oversees the activities of all its lenders and CDCs to ensure it is effectively following loan program requirements and protecting the integrity of the SBA program. In the event an SBA lender or CDC demonstrates an unacceptable risk profile, and an inability or unwillingness to proactively or timely resolve the issues which created an unacceptable risk profile, the SBA may take an enforcement action against that lender

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Debt Collection Fintech InDebted Completes Acquisition to Enter the U.S. Market & Announces Key Executive Hires

Account Recovery

Sydney, Australia – 8th February, 2021 – InDebted, the Sydney headquartered fintech that specializes in digital debt collection for unsecured consumer debt, today announced that it has acquired Delta Outsource Group Inc. (Delta) in the USA to launch its product and service into the American market, and hired three key executives to help globally scale … The post Debt Collection Fintech InDebted Completes Acquisition to Enter the U.S.

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Passing the bankruptcy means test with disposable income

Roths Child Law

If you've been considering filing for Chapter 7 bankruptcy in Tennessee, you've probably heard of the bankruptcy means test. The means test is a relatively lengthy form that is used to determine whether your disposable income is low enough to qualify you for Chapter 7 bankruptcy relief. Median income. The first step to passing the means test is to determine whether your average monthly income from all sources falls below the median income for Tennessee.

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Why You Shouldn’t Book Last-Minute Travel Deals

Nerd Wallet

Walt Disney World reopened during the pandemic, but reservations are now mandatory. Similarly, thanks to a Nevada state law, dining at a restaurant in Las Vegas now requires reservations — no walk-ins are allowed. This is not just a phenomenon at places notorious for mobs of people. Even some of the most socially distant vacation. Sally French writes for NerdWallet.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.